Looking to start Vape business

Discussion in 'Business Ideas' started by kevin123, Nov 27, 2018.

  1. kevin123

    kevin123
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    I have a 2 years experience in the marketing field, and I think it's time to move on. I was hoping to start a small business, probably in a niche category, that provides adequate income and most importantly good work life balance. I came across wholesaler in Ontario, who's services include product development, packaging, labeling and delivery services. My buddy, who is an active Juul user have encouraged me to go ahead with my plan. But when I researched about the industry, all I saw was large active players, I couldn’t find, budding startups looking to tape this opportunity. I think this both interesting and scary at the same time, but now I am confused, do you think I should go ahead with my business plan to develop fresh flours, unique to my business, or should I check something else. The main advantage that I think, I have is the ability to use their infrastructure and knowledge to develop and produce my product, kinda like what Apple does with its phones, but my concern is, just like what happened with Apple, my flavors, or similar ones should not be used by others. So, guys, should I go ahead with co-developing flavors or is their some other way around.
     
    #1 kevin123, Nov 27, 2018
    Last edited by a moderator: Nov 28, 2018
  2. thestronggoat

    thestronggoat
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    Hi Kevin,

    I'm not an expert in the vaping business, but I think after years-development of the vape industry it's will be hard to create something "0 to 1", total unique. I have seen how fast the manufacturers in Shenzhen expanding their territories to the world.

    However, as you well put, you do have some advantage regarding the marketing, you know what customers want, so I think you may want to just try to improve the products regarding the areas like price, quality, designs and so on, so that you can out-compete the current sellers on the market.

    Sometimes gaining "slight edge" is adequate for getting the entrance ticket to the market.

    Best regards and good luck
    Liu
     
  3. Peachy Essay

    Peachy Essay
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    It has become extremely competitive. EVeryday they are thousands of vape businesses just mushroom online and on high street. How's your business going to differentiate from the others?
     
  4. Jason Davis

    Jason Davis
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    I'm no expert in this area, but it seems to me that there are lots of much more profitable investment of money and effort.
     

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